625 Academy Way Unit# 203
Kelowna, BC V1V0E3
$299,900
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $121/mo
- Annual property tax
- $1,516.66
Interior
- Heating
- Electric
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
- Flooring
- Vinyl
Exterior & Lot
- View
- Mountain view
Parking
- Total spaces
- 1 — uncovered indicated
- Features
- Stall
Restrictions & Policies
- Pets
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom - Bachelor | Main level | 9'2'' x 8'11'' |
| Living room | Main level | 6'2'' x 11'9'' |
| Kitchen | Main level | 10'3'' x 2'10'' |
| Full bathroom | Main level | 8'5'' x 4'11'' |
Listing Information
- MLS®
- 10398124
- Listed
- August 20, 2026
- Time on market
- On the market for 11 days
- Data last synced
- August 28, 2026
Listing provided by: Realty One Real Estate Ltd · Data source: CREA DDF.
Description
FULLY FURNISHED WITH TENANT IN PLACE! Welcome to U-Eight, one of the premier condominium communities on Academy Way, situated just steps from the UBCO campus. With a tenant already in place, this stylish studio offers immediate, hassle-free revenue from day one. It is a prime turn-key opportunity for savvy investors targeting one of the Okanagan’s strongest rental markets, or forward-thinking parents securing a low-maintenance home for a future student. The smart and efficient layout maximizes every square foot, featuring a full kitchen equipped with a fridge, stove, and dishwasher, along with convenient in-suite laundry and a dedicated workspace ideal for studying or remote work. The contemporary bathroom offers a walk-in shower, while the private patio provides a quiet outdoor retreat to relax and unwind. Residents also enjoy access to dedicated on-site study rooms designed to support student success and productivity. Located in the highly desirable University District, this property puts you minutes from campus, public transit, Kelowna International Airport, championship golf courses, scenic trails, shopping, and dining. Whether expanding your investment portfolio or securing a property in a rapidly growing community, this turn-key studio delivers outstanding long-term value and effortless ownership. (id:63159)
Values & Trends
This listing
$955/sqft
Building average
$686/sqft
3 active listing(s)
University District average
$505/sqft
40 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
15°C
Clear
Humidity 76%
Wind NNW 4 km/h
Tonight
11°
Tuesday
27°
Tuesday night
14°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
144,576
(2021 Census)
+13.5% since 2016
Density: 682.4/km²
Dwellings: 67,115
Median household income: $82,000
After-tax: $73,500
Immigrant population: 15.3%
Top countries of origin (% of total population)
- United Kingdom2.1% · 3,055
- India1.6% · 2,335
- Philippines1.1% · 1,620
- Germany1.1% · 1,540
- United States of America1% · 1,375
- China0.7% · 960
- Poland0.4% · 585
- South Africa, Republic of0.4% · 525
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Aberdeen Hall Preparatory School(Independent) | K-12 | 656 m |
| Dr Knox Middle School | Middle | 2.6 km |
| North Glenmore Elementary | Elementary | 2.7 km |
| Ellison Elementary | Elementary | 3.4 km |
| Pearson Road Elementary | Elementary | 3.4 km |
| Rutland Middle School | Middle | 3.6 km |
| Rutland Senior Secondary | Elementary | 3.8 km |
| Rutland Elementary | Elementary | 3.8 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
School district: Central Okanagan (SD23)
Other Listings in This Building
Other units currently listed in the same building. 625 Academy Way
$574,900
625 Academy Way Unit# PH25, Kelowna
$372/mo maintenance
$498,000
625 Academy Way Unit# PH11, Kelowna
$363/mo maintenance
$290,000
625 Academy Way Unit# 103, Kelowna
$121/mo maintenance
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($14,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.